CADA: Auto dealer inventory warning index declines to 50.4% in June

Tuesday, 02 July 2019 11:52:23 (GMT+3)   |   Shanghai

China’s auto dealer inventory warning index stood at 50.4 percent in June, down 3.6 percentage points compared to May, while declining by 8.8 percentage points year on year, as announced by China Automobile Dealers Association (CADA). June is the 18th successive month during which the auto dealer inventory warning index has exceeded 50.0 percent.

In June, due to moves in China to introduce new stricter vehicle emissions standards as of the start of July, auto dealers were very active in seeking to reduce their inventory levels, resulting in the rises seen in auto sales volumes.

Most Recent Related Articles

Wire rod offer prices in Asia still following an upward trend

China’s auto vehicle retail sales up nine percent at end of July

Chinese domestic PPGI prices move up

China Shenhua Energy’s net profit expected to decline 15% in H1

Wire rod offers increase further in SE Asia, India concludes sale